Karsten Rendemann
๐ค SpeakerAppearances Over Time
Podcast Appearances
50,000 or 50%.
50,000 USD per month.
And it's growing at a 100% rate.
And we have slightly slighter.
Slightly lower, but about half, a little more than half as much in liquidity surplus.
We still have to pay off some loans and stuff.
We have 300,000 USD cash.
I actually struggled in the beginning to transfer the loans into more longer term loans that sort of reflects the lifespan of the software.
So we're very happy that we have five-year commitments on the loans, which we believe match the write-offs.
Annual churn is 4%, and that is stable.
So it's been there since we launched.
Yeah, that is total.
So on average, we lose about four clients a month out of 1,500.
Yes, on average, our existing clients buy for 40% more year two than year one.
And we are launching new products continuously that keep them motivated to buy more.
Our cost of acquisition is 500 bucks.
Yep.
Yes.
If we calculate it, it's half a year.
But since most of the clients pay up front for a year, it's more than profit neutral the first month.